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Total premiums of new life insurance business in Malaysia from 2015 to 2024 (in billion Malaysian ringgit)

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Sources

Release date

March 2025

Region

Malaysia

Survey time period

2015 to 2024

Supplementary notes

One Malaysian ringgit is equal to 0.23 U.S. dollars and 0.20 euros as of August 2025.

Figures have been rounded

Citation formats

Total premiums of new life insurance business in Malaysia 2015-2024

Published by Jenny Yang, Aug 11, 2025

In 2024, the total premiums of new life insurance business in Malaysia amounted to approximately billion Malaysian ringgit, an increase from around billion Malaysian ringgit in 2023. Since the share of the population with a life insurance is still relatively low, the insurance industry in Malaysia still has a high growth potential.

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